Fumi Technology Valuation, Funding & Investors
Fumi Technology is valued at $1B as of February 2021.
Last Fumi Technology valuation
$1B
Undisclosed stage · Feb 2021
Last Fumi Technology funding round
$150M
Undisclosed stage · Feb 2021
Cumulative funding Fumi Technology raised
$241M
across 5 funding rounds
Key investors in Fumi Technology
Shunwei Capital
Hongdao Capital
Mobai Capital
Xiaomi
Bojiang Capital
Gopher Asset Management
Fumi Technology Overview
About Fumi Technology
Fumi Technology is a Shenzhen-based software developer providing trading platforms and market data tools to Chinese financial entities. Established in 2016, it supports real-time analytics and brokerage interfaces as a third-party provider to platforms like Webull's China operations.
Founded
2016
HQ
HunanStatus
Privately held
Customer focus
B2B
Revenue model
Licensing, Subscription
Valuation
$1B (Feb 2021)
Fumi Technology Valuation
Fumi Technology is currently valued at $1B, based on its undisclosed-stage round in February 2021.
Fumi Technology valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2021 | Undisclosed stage | $1B |
Fumi Technology Funding History
Fumi Technology has raised a total of $241M across 5 funding rounds.
Fumi Technology's first fundraising round was a $8M seed round in January 2016. The most recent completed round was a $150M undisclosed-stage round in February 2021.
Fumi Technology funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2021 | Undisclosed stage | - | $150M | $1B | Fumi Technology, also known as Fumi Information Technology and parent company of the Webull brokerage platform, is a Chinese fintech firm founded in 2016 that provides security trading and data services with intellectual property for PC and mobile applications. It operates global data systems tracking real-time transactions across over 90 countries, 106 exchanges, and more than 1 million assets including stocks, bonds, funds, forex, digital currencies, and derivatives. Webull, its U.S.-licensed affiliate with a Wall Street office, offers commission-free trading with advanced tools, positioning itself as a competitor to Robinhood amid surges in retail trading. This round benefited from heightened retail investor activity as stock markets hit highs, enhancing Webull's appeal with sophisticated features and customer service. Earlier rounds included CNY 50 million, CNY 120 million, CNY 200 million, and CNY 250 million (USD 36.6 million) led by Gopher Asset in July 2019, with funds used for product upgrades, R&D, and globalization. The company maintains big data centers in China and the U.S., partnering with 55 exchanges and traders worldwide for millisecond-updated market data. Post-2021, Webull pursued further developments like a reverse merger in April 2025 and agreements with Chinese entities including Hunan Fumi in April 2021. |
| Jul 2019 | Series B | Gopher Asset Management (lead) | $36M | - | Fumi Technology, also known as Fumi Information Technology, is a Chinese fintech company founded in 2016 that provides security trading and data services through platforms like Webull, a commission-free US stock trading app. It operates a Global Data System tracking real-time transactions across over 90 countries, 106 exchanges, and more than 1 million assets including stocks, bonds, funds, forex, digital currencies, and derivatives. The company has data centers in China and the US, with Webull licensed as a US securities broker on Wall Street and partnerships with 55 exchanges worldwide. In July 2019, Fumi Technology raised CNY 250 million (approximately USD 36.6 million) in a strategic funding round led by Gopher Asset Management, an arm of Noah Wealth Management focused on asset allocation. This followed prior rounds of CNY 50 million, CNY 120 million, and CNY 200 million. Funds were allocated to product upgrades, R&D, and global expansion, including branches in the US and Hong Kong. The investment aimed to integrate Fumi's technology with Noah's wealth management ecosystem for high-net-worth clients. Webull, Fumi's key affiliate, launched its mobile app in 2018 amid a Series B raising $30 million and became a licensed US securities firm. By 2020, it gained SEC approval for robo-advisors, reached over 11 million users, and raised $40 million in Series C. Fumi achieved unicorn status by February 2021 with a $1 billion valuation after a $150 million raise, processing 1 billion daily data points across 9,200 stocks and 8,000 ETFs. |
| Jul 2018 | Series B | Bojiang Capital (lead); Divine Capital; Hongdao Capital; Mobai Capital | $30M | - | Fumi Technology, a Hunan province-based financial technology startup incubated by Xiaomi, develops Webull, a platform offering individual investors information and trading aid with commission-free trading. Founded in March 2016 by Wang Anquan, it secured CNY50 million in angel funding from Xiaomi in 2016, followed by CNY120 million Series A in April 2017 led by Beijing Dongfang Hongdao Asset Management (Hongdao Capital), with investors including Shunwei Capital and Mobai Capital. The company established US and Hong Kong branches and Webull Financial LLC became a licensed US securities broker-dealer in 2018. On July 19-20, 2018, Fumi Technology raised CNY200 million (USD30 million) in its Series B round, led by Bojiang Capital Management Group, with participation from prior investors including Hongdao Capital and Divine Capital, where former shareholders contributed up to 80%. Proceeds were allocated to scaling business operations, global development, enhancing services/products, R&D for improved user experience and automation. At the time, Fumi Technology reported nine million global users for Webull, over 50% in North America, with its Global Data System tracking real-time transactions across 90+ countries, 106 exchanges, and over 1 million assets. The company continued growth, raising CNY250 million in 2019 led by Gopher Asset. |
| May 2017 | Series A | Hongdao Capital (lead); Mobai Capital (lead); Shunwei Capital | $17M | - | Fumi Technology, founded in 2016 in Hunan, China, is a FinTech company that operates Webull, integrating data and financial technology for trading services. It established Webull Financial LLC in the US in 2017 and began offering brokerage services there in 2018. In April 2017, Fumi Technology raised $4.26 million (CNY 120 million) in a Series A round led by Hongdao Capital, with participation from Mobai Capital and Shunwei Capital. Prior to this, it secured angel funding of approximately $7.3 million (CNY 50 million) in 2016 from Xiaomi and Shunwei Capital. The company later raised a Series B round of $30 million (CNY 200 million) in July 2018 led by Bojiang Capital. |
| Jan 2016 | Seed | Xiaomi (lead); Shunwei Capital | $8M | - | Fumi Technology, a financial technology startup incubated by Xiaomi and based in Hunan province, secured CNY50 million in its angel round from Xiaomi in 2016. The company, formed in March 2016, develops Webull, a platform offering individual investors information and trading tools, with intellectual property rights owned by Fumi. It operates branches in the US and Hong Kong, serving over nine million global users, more than 50 percent of whom are in North America. |
Who has invested in Fumi Technology?
7 investors have backed Fumi Technology across its funding rounds, including Shunwei Capital, Hongdao Capital, Mobai Capital, Xiaomi, Bojiang Capital and Gopher Asset Management.
Lead investors include Gopher Asset Management, Bojiang Capital, Hongdao Capital, Mobai Capital and Xiaomi.
Fumi Technology Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Beijing | 2 | Participant | Jan 2016 | |
| Beijing | 2 | Lead | May 2017 | |
| Guangzhou | 2 | Lead | May 2017 | |
| Beijing | 1 | Lead | Jan 2016 | |
| Shanghai | 1 | Participant | Jul 2018 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Fumi Technology
Fumi Technology has acquired 1 company to date.
Last acquisition by Fumi Technology was on November 28th 2023. Fumi Technology acquired Flink for undisclosed valuation.
Latest Acquisitions by Fumi Technology
| Description | Flink is a Mexico City-headquartered fintech founded in 2017 that operates a consumer trading platform for saving, spending, and investing. It launched its brokerage product in June 2020, serving more than 1 million users with 800,000 brokerage accounts, where 90 percent represent first-time traders. The company allocates funding to enhance product features, infrastructure, security, and team expansion for growth. |
| HQ Country |  |
| HQ City | Mexico City |
| Deal Date | 28 Nov 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Fumi Technology acquisitions and their M&A valuation multiples. Start Free Trial | |
Fumi Technology Competitors
Fumi Technology competitors include listed companies like Servyou Software Group, Intapp, Shenzhen Fortune Trend and Topicus, and private ones like Virtuous Software and Pinwheel.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 United States | Private | - | - | $600M | - | |
| New York City, NY | Private | - | - | $500M | - | |
| China | Publicly listed | $306M | $35M | $2.3B | 6.6x | |
| United States | Publicly listed | $578M | ($16M) | $2.8B | 4.5x | |
| China | Publicly listed | $55M | $50M | $4.1B | 68.1x | |
 Netherlands | Publicly listed | $1.8B | $393M | $5.4B | 3.0x |
Fumi Technology Public Comps
Fumi Technology is still privately-owned, but its public comps include RWS Holdings, CARE Ratings, GlobalData, Finatext, Value Line, HCR Co, National Securities, CTOS Digital, CS Disco and Servyou Software Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $927M | ($26M) | 0.7x | 0.7x | (27.2x) | 4.8x | |||
| $49M | $21M | 9.2x | 9.9x | 21.5x | 20.5x | |||
| $433M | $140M | 1.7x | 1.7x | 5.3x | 5.0x | |||
| $71M | $13M | 6.3x | 5.4x | 34.1x | - | |||
| $33M | $29M | 8.5x | - | 10.0x | - | |||
| $75M | ($3M) | 3.3x | - | (84.3x) | - | |||
| $159M | $48M | 9.4x | 8.5x | 31.6x | - | |||
| $80M | $28M | 4.4x | 4.1x | 12.6x | 15.6x | |||
This data is available for Pro users. Sign up to see all Fumi Technology competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Fumi Technology
| When was Fumi Technology founded? | Fumi Technology was founded in 2016. |
| Where is Fumi Technology headquartered? | Fumi Technology is headquartered in Hunan, China. |
| Is Fumi Technology publicly listed? | No, Fumi Technology is a private, VC-backed company. |
| What is Fumi Technology's valuation? | Fumi Technology was last valued at $1B in its undisclosed-stage round in February 2021. |
| How much funding has Fumi Technology raised? | Fumi Technology has raised $241M across 5 funding rounds. |
| What was Fumi Technology's last funding round? | Fumi Technology's last funding round was a $150M undisclosed-stage round in February 2021. |
| Who are Fumi Technology's investors? | Fumi Technology's investors include Shunwei Capital, Hongdao Capital, Mobai Capital, Xiaomi, Divine Capital, Bojiang Capital and Gopher Asset Management. |
| Which companies are comparable to Fumi Technology? | Companies comparable to Fumi Technology include Virtuous Software, Pinwheel, Servyou Software Group, Intapp, Shenzhen Fortune Trend and Topicus. |
| How many companies has Fumi Technology acquired? | Fumi Technology has acquired 1 company, including Flink. |
See companies similar to Fumi Technology
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